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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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GBP/USD near support, a bounce is possible!

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GBPUSD is near support, a bounce to 1st resistance is possible

Entry: 1.2652

Why it's good : 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support

Stop Loss : 1.2559

Why it's good :100% Fibonacci extension, horizontal swing low support

Take Profit : 1.2763

Why it's good: 61.8 &100% Fibonacci extension, horizontal swing high resistance

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The material has been provided by InstaForex Company - www.instaforex.com